How the Company Can Benefit From Hiring Interns Essay Example

the above explanation, the company is bound to achieve a lot with the internship program only when the right strategies and objectives are set prior to commencement.

Thank you.

Internship programs do not just comprise bringing in college graduates to help to accomplish organizational tasks but requires the organization to set objectives, costs and most importantly identify the potential benefits of the entire program. Highlighting the benefits of hiring interns to the boss on the Memo was based on facts gathered from the US Department of Labor Fact sheet (2010) which gives information on an internship program in terms of financial compensation. Besides, an editorial by the European Youth forum (2014) on the quality of internships in terms of the benefits to the employer, student, and the host institution was also referred.

The United States Department of Labor Wage and Division, 2010, explains the general concept of internship program under the Fair Labor Standard Act. This covers the fact on payment for the interns input. This is the fact that interns come along with benefits to the company while at the same time gain work experience to help develop their career, but financial compensation remains the company’s decision based on specific policies. The Act explain internship as an educational training program for the intern despite the real time operations of concepts learned in colleges and therefore it is expected that the experience is of benefit to the intern who will be trained under an employee supervision.

According to the report by the European Youth Forum, 2014, the internship program can realize positive achievements when a written agreement forms part of the objectives. In the agreement, the student should be

attached to a supervisor from the host institution and the company to ensure that the objectives are met. Also, there should be an evaluation system which evaluates and monitors the progress and more so the quality of the entire program. Concerning remuneration, EYP, 2014 stress that the intern should be paid fairly as a way of appreciation for their input and also motivate them as much as the company aims in benefiting from cheap labor. Based on these facts, I recommend initiation of internship programs in organizations.